American Century Companies Inc. Grows Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

American Century Companies Inc. increased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 29.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 957,589 shares of the financial services provider’s stock after buying an additional 216,157 shares during the quarter. American Century Companies Inc. owned 0.80% of OneMain worth $49,919,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in OMF. State Street Corp grew its position in shares of OneMain by 0.8% during the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock valued at $100,770,000 after acquiring an additional 16,615 shares during the period. Geode Capital Management LLC grew its holdings in OneMain by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after purchasing an additional 13,978 shares during the period. Charles Schwab Investment Management Inc. increased its position in OneMain by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after buying an additional 30,558 shares in the last quarter. Basswood Capital Management L.L.C. raised its stake in shares of OneMain by 12.3% in the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after buying an additional 113,018 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in shares of OneMain during the 4th quarter valued at about $46,195,000. 85.82% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.45% of the company’s stock.

OneMain Trading Down 0.7 %

Shares of OMF stock opened at $51.17 on Thursday. The stock’s 50-day moving average price is $53.41 and its 200-day moving average price is $51.91. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.13%. OneMain’s dividend payout ratio (DPR) is 98.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Barclays set a $56.00 price target on OneMain in a report on Friday, March 14th. Finally, Wells Fargo & Company boosted their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, OneMain has an average rating of “Moderate Buy” and a consensus target price of $59.17.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.